Iberdrola (IBE) Given a €7.20 Price Target by Deutsche Bank Analysts

Deutsche Bank set a €7.20 ($8.37) price objective on Iberdrola (BME:IBE) in a report released on Tuesday. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on IBE. Credit Suisse Group set a €7.50 ($8.72) price objective on Iberdrola and gave the company a buy rating in a research note on Friday, July 13th. Berenberg Bank set a €6.80 ($7.91) price target on Iberdrola and gave the stock a neutral rating in a research report on Wednesday, July 18th. Goldman Sachs Group set a €7.60 ($8.84) price target on Iberdrola and gave the stock a buy rating in a research report on Thursday, July 19th. Royal Bank of Canada set a €6.75 ($7.85) price target on Iberdrola and gave the stock a neutral rating in a research report on Wednesday, July 25th. Finally, Kepler Capital Markets set a €6.20 ($7.21) price target on Iberdrola and gave the stock a neutral rating in a research report on Thursday, July 26th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Iberdrola presently has a consensus rating of Buy and an average price target of €7.17 ($8.34).

Shares of IBE stock opened at €6.00 ($6.98) on Tuesday. Iberdrola has a twelve month low of €5.87 ($6.83) and a twelve month high of €7.30 ($8.49).